Economics · Self Help Groups
Which of the following is a key feature of a Self-Help Group (SHG)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The group takes collective responsibility for debt recovery.✓
- 2There is a strict requirement of collateral for individual loans.
- 3These groups are formally classified as commercial banks.
- 4The interest rates charged are generally higher than informal moneylenders.
Correct answer
The group takes collective responsibility for debt recovery.
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